EUR/CAD breaks minor trend line support, good to buy at dips

FX:EURCAD   Euro / Canadian Dollar
102 0 3
EUR/CAD has made a low of 1.4250 and started to recover from that level. It is currently trading around 1.3105.

The pair has broken minor trend line resistance 1.4308 ( trend line joining 1.4556 and 1.4488) and this confirms minor bullishness, a jump till 1.4382 (Cloud bottom) /1.4404 ( 50% retracement of 1.4556 and 1.4250) is possible. Minor resistance is around 1.4155 ( trend line joining 1.4333 and 1.43180).

The major resistance stood at 1.4460 (200 day HMA ) and break will take to new level around 1.4500.

On the downside minor support is around 1.4295 and break below targets 1.4280/1.4250.

It is good to buy at dips around 1.4305-4307 with SL around 1.4294 for the TP of 1.4380/1.4405

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